NACL Industries Ltd., a agrochemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit declined 18.5% to Rs 14.25 crores ($1.9 million) for the period ended June 30, 2021 as against net profit of Rs 17.49 crores ($2.4 million) for the previous quarter.
Net sales dropped 2.7% to Rs 327.35 crores ($44.1 million) during the period ended June 30, 2021 as compared to Rs 336.27 crores ($45.3 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 155% to Rs 14.25 crores ($1.9 million) for the period ended June 30, 2021 as against net profit of Rs 5.59 crores ($0.75 million) for the prior-year quarter.
Net sales increased 28.3% to Rs 327.35 crores ($44.1 million) during the period ended June 30, 2021 as compared to Rs 255.24 crores ($34.4 million) during the prior-year quarter.
NACL Industries Ltd is engaged in the business of manufacture and selling of agrochemicals such as insecticides, fungicides, herbicides, plant growth promotors and nematicides.